Monday, July 28, 2025
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Industrial

DevelopmentIndustrialSouth CarolinaSoutheast

Summit Delivers 248,000 SF Industrial Facility in Wellford, South Carolina

by John Nelson

WELLFORD, S.C. — Summit Real Estate Group has delivered Gateway 29, a 248,000-square-foot spec industrial building located at 370 Old Spartanburg Highway in Wellford. The Upstate South Carolina building is ready for occupancy and can accommodate users from 65,000 square feet up to the full 248,000 square feet. The property features 32-foot clear heights, 48 dock doors and two drive-ins, an ESFR sprinkler system 2,500 square feet of office space and 44 trailer and 145 vehicle parking spaces. Kacie Jackson, Brian Young and Elliott Fayssoux of Cushman & Wakefield are overseeing leasing at the facility, and Lori Suchanek, also with Cushman & Wakefield, is leading the property management assignment.

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DevelopmentIndustrialMarylandSoutheast

TPC Racing Breaks Ground on 40,000 SF Industrial Headquarters in Jessup, Maryland

by John Nelson

JESSUP, MD. — TPC Racing, a Porsche maintenance and service provider, has broken ground on its 40,000-square-foot industrial facility at 7869 Dorsey Run Road in Jessup. The Howard County facility will serve as the company’s corporate headquarters. Kate Jordan and Marley Welsh of Lee & Associates l Maryland brokered the purchase of the four-acre site and were also retained by TPC Racing to lease the available 27,000 square feet of industrial/warehouse space at the building. The $8 million, single-story project is expected to be delivered in the fourth quarter and comprise nine bays, each offering 3,000 square feet of space. Chesapeake Contracting Group is acting as general contractor for the project.

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IndustrialLeasing ActivityTexas

Colliers Negotiates 46,614 SF Industrial Lease in Cypress, Texas

by Taylor Williams

CYPRESS, TEXAS — Colliers has negotiated a 46,614-square-foot industrial lease at 290 Northwest Business Center in Cypress, a northwestern suburb of Houston. The property was completed in 2019. Jason Tangen and Barrett Gibson of Colliers represented the landlord, KBUSA Properties, in the lease negotiations. The Lish Co. represented the tenant, Premier Stair & Door.

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Granite-Woods-Commerce-Center-Hooksett-New-Hampshire
DevelopmentIndustrialNew HampshireNortheast

Port One Underway on 500,000 SF Spec Industrial Project in Hooksett, New Hampshire

by Taylor Williams

HOOKSETT, N.H. — Boston-based developer Port One Cos. is underway on construction of  Granite Woods Commerce Center, a 500,000-square-foot speculative industrial project located at 47 Hackett Hill Road in the southern New Hampshire city of Hooksett. The property will feature a clear height of 36 feet, 403 parking stalls, 86 trailer parking stalls, 67 loading docks with 53 future dock positions, two drive-in doors and build-to-suit office space. Completion is slated for early next year. Newmark has been retained to market the property for lease.

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AcquisitionsFloridaIndustrialSoutheast

JLL Arranges Sale of 260,000 SF Distribution Center in Jacksonville Leased to Volkswagen

by John Nelson

JACKSONVILLE, FLA. — JLL has arranged the sale of a 260,000-square-foot distribution center located at 4150 Perimeter Industrial Parkway in Jacksonville’s Westside submarket. Built in 2008 on 15.4 acres, the rear-load property is fully leased to Volkswagen Group of America and is fully air-conditioned. John Huguenard, Luis Castillo, Cody Brais, Luke Pope, Taylor Osborne and Wells Waller of JLL brokered the sale. The buyer, seller and sales price were not disclosed.

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8570-Market-St.-Houston
AcquisitionsIndustrialTexas

CBRE Brokers Sale of 1.2 MSF Industrial Portfolio in Houston

by Taylor Williams

HOUSTON — CBRE has brokered the sale of a portfolio of eight industrial buildings totaling approximately 1.2 million square feet that are located throughout the Houston area. The buildings feature a mix of front-load and cross-dock configurations and clear heights ranging from 20 to 34 feet. At the time of sale, the properties were fully leased to a roster of tenants with a weighted average remaining lease term of 3.75 years. ATCAP Partners purchased the portfolio from CenterPoint Properties for an undisclosed price. Nathan Wynne, Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber of CBRE brokered the deal.

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IndustrialLeasing ActivityTexas

Finial Group Negotiates 16,400 SF Industrial Lease in Webster, Texas

by Taylor Williams

WEBSTER, TEXAS — Locally based brokerage firm Finial Group has negotiated a 16,400-square-foot industrial lease in Webster, a southeastern suburb of Houston.  According to LoopNet Inc., the building at 16920 Texas Ave. was built in 1981, totals 53,290 square feet and features 18-foot clear heights. Jason Gibbons and Doc Perrier of Finial Group represented the tenant, Pennsylvania Tool Sales & Services, which supplies heavy industrial and manufacturing companies, in the lease negotiations. The landlord was not disclosed.

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DevelopmentIndustrialNortheastPennsylvania

DH Property Holdings Begins Sitework on 759,210 SF Industrial Project in Philadelphia

by Taylor Williams

PHILADELPHIA — DH Property Holdings has begun sitework on a two-building, 759,210-square-foot industrial project at 5000 Richmond St. on the northeast side of Philadelphia. The 348,210-square-foot Building A will feature a clear height of 40 feet, 42 loading dock doors and parking for 81 trailers. Building B will total 411,000 square feet and offer 70 loading dock doors and 125 trailer parking stalls. Completion is slated for the fourth quarter of 2024. CBRE has been appointed as the leasing agent.

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AcquisitionsIndustrialNevadaWestern

Next Century Rebar Buys Las Vegas Warehouse for $3.7M

by Jeff Shaw

LAS VEGAS — Next Century Rebar LLC has acquired a 19,512-squre-foot industrial warehouse in Las Vegas for $3.7 million.  The facility is located at 3020 S. Valley View Blvd. within the West Central submarket. The two-story building features 18-foot clear heights, concrete tilt-up construction, four drive-in doors and Valley View frontage.  CBRE’s Tyler Ecklund represented the seller, MSC Valley LLC, in the transaction.

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AcquisitionsColoradoIndustrialWestern

NorthPeak Arranges Sale of Industrial Building in Englewood, Colorado for $1.9M

by Jeff Shaw

ENGLEWOOD, COLO. — A local buyer has purchased a 14,200-square-foot industrial building in Englewood for $1.9 million.  The facility is located at 2622 S. Raritan Circle. The seller, which was in a 1031 exchange, secured a higher price than what traditional financing would have offered due to a high interest rate environment, according to NorthPeak Commercial Advisors, which represented both parties.  Meanwhile, the purchase allowed the buyer to continue purchasing triple-net industrial properties within the same business park as its other holdings. The transaction also allowed the company to simultaneously complete a 1031 exchange into a more passive investment than a previous building. 

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